CM Trade

Download APP to receive bonus

GET

Ether / Dollar intraday: the downside prevails as long as 2521 is resistance

2024-02-12
1128

Our pivot point is at 2521.

Our preference: the downside prevails as long as 2521 is resistance.

Alternative scenario: the upside breakout of 2521, would call for 2567 and 2594.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2492 and 2503).

Supports and resistances:

2594 **

2567 *

2521 **

2503

2483 last

2428

2401 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

Free Access
Daily Trading Strategy
Download Now

CM Trade Mobile Application

Economics Calendar

More